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October 2022, the exchange rate of Sulawesi Barat farmers is 116.66. Up 2.30% compared to September 2022

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Release Date	:	November 1, 2022
File Size	:	3.76 MB

Abstract

NTP is a comparison of IT to IB that is used to show the exchange power of agricultural products with goods and services consumed and for production costs. The higher the NTP, the relatively stronger the level of ability/purchasing power of farmers.

Starting in January 2020 a change of basic year was carried out in the calculation of the price index received by farmers (IT) and the price index paid by farmers (IB) from the 2012 base year = 100 to the basic year 2018 = 100. Both types of indexes are components in the calculation of farmers' exchange rates (NTP). This basic year change is carried out to adjust changes in production patterns, production costs, and household consumption in rural areas. In the base year 2018 = 100 there was an increase in the scope of the number of commodities both in the IT and IB commodity packages compared to the 2012 Basic Year = 100.

Sulawesi Barat NTP October 2022 amounted to 116.66 or up 2.30 percent compared to September 2022 NTP which amounted to 114.04. The increase in NTP was caused by IT which increased while IB had decreased, where IT was recorded up by 1.64 percent while IB dropped by 0.64 percent.

NTP according to the subsector is recorded for the Food Crops Subsector (NTP-P) 96.32; Horticultural Subsector (NTP-H) 107.43; People's Plantation Crops Subsector (NTP-R) 134.16; Animal Husbandry Subsector (NTP-T) 96.40; and Fisheries Subsector (NTN-P) 107.65.

Related Official Statistics News

November 2022, the exchange rate of Sulawesi Barat farmers is 121.55. Up 4.19% compared to October 2022

September 2023, the exchange rate of Sulawesi Barat farmers is 126.59. Up 4.17% compared to August 2023

October 2021, the exchange rate of Sulawesi Barat farmers was 127.86. Up 2.47% compared to September 2021

September 2022, the exchange rate of Sulawesi Barat farmers was 114.04. Up 6.20% compared to August 2022

October 2023, the exchange rate of Sulawesi Barat farmers is 126.36. Decrease by 0.18% compared to September 2023

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